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The speaker emphasizes the importance of establishing clear agreements when working with partners, drawing from recent experiences with students facing partnership issues. Two specific scenarios are presented: one involving two members from an owner forum discussing a partnership, and another where an owner forum member partnered with someone met at a boot camp. In both cases, the speaker advises asking fundamental questions, particularly about having written agreements, to safeguard interests and clarify roles in potential deals. The discussion underscores the necessity of protecting oneself in business partnerships.